Personal Finance Portfolio should be dynamic

We often hear experts said if you are young, you can take more risk, hence put your investment in equity.thenif you are old, you should keep your capital in safer vehicle like bond etc.But one important strategy they miss out is ... the dynamic of personal finance portfolio.Says you are 25 years old, you will need a sum of money at 35 years old. Hence you can invest into equity. However, you must...

value for money - linear or exponential ?

Value for Money ( short for V4M ) is basically how much values you get from the money you paid. It is often irrelevant how much is the price of an item or service. Whether or not a person pay for something is simply because of how he perceives the values he is getting.If a person perceive values more than its price, he would paid for it !If a person perceive values less than the price, he would...

The Right Truth behind Donation

From time to time we hear about how rich people donate their wealth away. Some donate whole of their wealth, some half and some donate just enough to optimize their tax planning.Most people would think that the rich has too much, hence they want to give some away since they can't use it anyway. That ... would be 20th century mind set.The fact is ... the rich who donates, is not only rich, but also...

Easy Retirement

This is an extract of what I read in today's newspaper. More and more people start to carry this type of alternative concepts about retirement especially in this 21st century. You can't say its wrong. As a matter of fact, its a rather SMART way to go. But lie within is a huge hidden risk.The titles in above newspaper read:you don't need much during retirement, coz your liability has reducedliving...

There is NO such thing as Passive Income !?

21st century personal finance is moving away from saving and focus into the income arena. In short, the gurus are now educating public that saving is NOT good enough, hence sourcing for passive incomes on the another hand is a BETTER solution, than just saving alone.While the concept is definitely true and correct but unfortunately as the hypes go bigger and bigger, the idea of passive income has...

21st century Economy Politic Quadrant

The Economy-Political Quadrant may seems like telling where to keep or invest your money despite good or bad time.It indeed works very well during 20th century. Unfortunately comes to 21st century, not only has the year changed, personal finance arena has changed drastically as well.Gold has been speculated so much that it MAY no longer be the standard of money.There used to be only 'property' in...

East will take over West in ... 2020 ?

G7 are the 7 countries who have been dominating world finance since 20th century. Most of them are from Europe and North America, plus Japan.However, most would have known by now that some of them are no longer as great as they used to be in this 21st century.So E7 comes about where generally people think a new economical forces will emerge out taking over G7, they are (China, India, Brazil, Russia,...

Individual Income Tax Relief 2010

List of Tax Relief for Resident Individual 2010No.Individual Relief TypesAmount (RM)1Self and Dependent9,0002Medical expenses for parents5,000 (Limited)3Basic supporting equipment5,000 (Limited)4Disabled Individual6,0005Education Fees (Individual)5,000 (Limited)6Medical expenses for serious diseases5,000 (Limited)7Complete medical examination5,00 (Limited)8Purchase of books, journals and magazines1,000...

Should I buy that nice little dress/gadget ?

You may think the $1 spent is the same $1 earned. Its really NOT ! One of the fundamental flaws human cannot control their own spending habits is because they DO NOT UNDERSTAND the value of money at the first place. The $1 spent could be equivalent to as much as $7-$10 earning !!For example if you earn $4,000 a month and you manage to save $400 every month. By year end you would have saved aside...

Economy Politic Finance Quadrant

There are 2 BIG main external factors affecting our investment decisionsEconomyPoliticWhen the time is really bad (economy downturn and politically unstable), its best to park your money under something that is really stable, ie Gold. Which is by definition usable anywhere you go in anytime.When its good time, invest direct to the stock market would yield very good return.When the economy is not...

21st century trick ...

Once upon a time, there was a gasoline called 97. The cost of this item was $1.80. One day, the governing body wanted to increase the price to $2.10. However, the governing body knows that if they simply increase price, that will affect their popularity. Which in turn affect their eligibility to continue to be governing body in next election. Hence they come up with a perfect idea. They first...

Recession over, what's NeXT ?

Sometimes I feel very depress when my prediction comes TRUE.For those who don't know yet, zzzz is going through a transition where political power could potentially shared between 2 parties; instead of just one-side-say-it-all like the past 50 years. Unfortunately, the initial phase of this transition has ended in a way when our new Prime Minister has strategically resolved it.At the moment New...

zzzz Best Rates 2010 May 26 update

1 month Fix DepositGenerally now banks are offering 2.50%. Affin bank offers highest rate at 2.55%. However, there are still a few banks offer lower rate than 2.5%. JP Morgan is still offering the lowest at 2.0%1 year Fix DepositHighest offered rates is 3.05% by Affin Bank; followed by 3.0% from AmBank, Bank of Tokyo-Mitsubishi UFJ and RHB Bank.Base Lending RateMost local banks stand at 6.05% now...

Individual Tax exemption in zzzz

Below shows an extraction from zzzz Income Tax department. Some of the highlights are;maternity expenses, traditional medicines exemption are UNLIMITED !if you were terminated with compensation, some are exempted !Scholarship is exempted, so study Hard !Income derived and remitted from oversea is exempted, so globalize your business ! Do take time and go through below details, I am sure it will spark...